EURUSD stray unchanged with Easter holiday and slow move continuation today with most of European countries closed. Later the US Manufacturing PMI and ISM Manufacturing PMI will have small intraday impact. With support at 1.23 and resistance at 1.2370-80, still prefer the buy on dips with tight stop strategy.
USDJPY remains in tight range in the effect of Easter holiday. Abe wants to push through with labour reform bills this week and Nikkei lowering to 0.31% will have little impact overall and technical consolidation remains to be high likely for today.
GBPUSD remains consolidate above 1.4 with today’s UK holiday and to expect nothing big impact for the pair. With support at 1.4020 and resistance at 1.4070-80, still to prefer in tight range trading pattern continuation.
USDCHF goes slightly higher with the effect of steady EURCHF cross. But Easter Holiday will depress any meaningful movement. Today the US data and stock/bond market move will have small intraday impact, and still prefer in range trading with tight stop strategy.
EURJPY firms up slightly on both USDJPY and EURUSD despite of Nikkei lowers down by 0.31%. The overall holiday mood in market will see more sluggish move continuation and prefers to stay in range trading pattern.
EURGBP same level from last Friday and Easter holiday have no incentive for the move so far. With support 0.8750 and resistance at 0.8810-20, still to prefer the buy on dips with tight stop strategy.
GOLD opens up slightly from Thursday closing level with some USD weakening starting of new month. But overall a slow and sluggish move due to Easter Monday effect. Today the US Manufacturing PMI and ISM Manufacturing data as well as stock/bond market move will have small intraday impact. With support at 1327.00-50 and resistance at 1332.50-00, still to prefer in tight range trading pattern.
Silver goes up slightly in the same direction with GOLDbut Easter Monday will be depressing any meaningful movement. With support at 16.20-25 and resistance at 16.65-70, to still prefer in range trading with tight stop strategy.